Back in November, we reported on how CIT Bank and Ally had the best no-penalty CD rates we could find. Earlier this month, Ally leapfrogged CIT for deposits of $25,000 and above by raising their rate from 1.5% to 1.6%, thereby beating CIT’s 1.55% rate. However, for deposits less than $25K, CIT still has the the more-compelling offer since Ally’s tiered rates for their no-penalty, 11-month CD now look like this: